CALGARIA, Alberta, June 3, 2021 (GLOBE NEWS) – Gran Tierra Energy Inc. (“Gran Tierra” or “Company”) (NYSE American: GTE) (TSX:GTE) (LSE:GTE) announced today the results of the semi-annual redefinition of the Company’s credit line and the results of voting at the annual meeting of shareholders held on June 2, 2021.
Revaluation results for the semi-annual credit line: The semi-annual review of the Gran Tierra revolving syndicated facility was completed and the syndicate of creditors participating in the facility agreed to confirm the facility without any changes. The next override is scheduled for November 2021.
Final voting results of the annual meeting of shareholders of Gran Tierra: The shareholders have chosen all eight people appointed by the Gran Tierra. In addition, shareholders voted FOR the ratification of the appointment of KPMG LLP by the independent registered auditing firm Gran Tierra for the fiscal year ending December 31, 2021, FOR the approval on an advisory basis of the Gran Tierra compensation. Tierra’s appointed executive directors and FOR approving the 2007 Equity Incentive Plan, as amended. The detailed voting results are as follows:
|Election of directors||For||%||Vs||%||Refrain||No votes|
|Gary S. Guidry||108 336 328||92.6%||8 670 150||7.4%||14 281 873||66,720,244|
|Peter Day||108,030 207||93.5%||7 529 037||6.5%||15,729,107||66,720,244|
|Evan Hazell||110 127 583||95.1%||5 646 499||4.9%||15 514 269||66,720,244|
|Robert B. Hodgins||108 810 542||93.9%||7 084 199||6.1%||15 393 610||66,720,244|
|Ronald Royal||110 309 757||95.1%||5 651 042||4.9%||15 327 552||66,720,244|
|Sondra Scott||121 005 573||94.2%||7 418 539||5.8%||2 864 239||66,720,244|
|David P. Smith||110 452 322||95.3%||5 401 104||4.7%||15,434,925||66,720,244|
|Brooke Wade||108 887 133||94.0%||6,979,170||6.0%||15 422 048||66,720,244|
|Proposition 2||For||%||Vs||%||Refrain||No votes|
|Ratification of appointment
Public accounting firm
|189 164 308||96.5%||6 915 808||3.5%||1 928 479||0|
|Proposition 3||For||%||Vs||%||Refrain||No votes|
|Approval of the appointed manager
|112 446 847||86.8%||17087380||13.2%||1,754,124||66,720,244|
|Proposition 4||For||Vs||Refrain||No votes|
|2007 Share Capital Approval
Incentive plan as amended
|102 994 885||79.3%||26,931,958||20.7%||1,361,508||66,720,244|
About Gran Tierra Energy Inc.
Gran Tierra Energy Inc. together with its subsidiaries, it is an independent international energy company currently focusing on the exploration and production of oil and natural gas in Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Colombia and Ecuador and will continue to pursue additional growth opportunities that will further strengthen the Company’s portfolio. Ordinary shares of the Company are traded on the American Stock Exchange NYSE, the Toronto Stock Exchange and the London Stock Exchange under the ticker GTE. More information about Gran Tierra is available at www.grantierra.com. Information on the Company’s website (including the Sustainability Report) does not form part of this press release. Investor inquiries can be directed to firstname.lastname@example.org or (403) 265-3221.
Gran Tierra Securities and Exchange Commission documents are available on the SEC website at http://www.sec.gov and on SEDAR at http://www.sedar.com and UK regulations are available on the website National Storage Engine at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism…
For investor and media inquiries, please contact:
Gary Guidry, CEO
Ryan Ellson, executive vice president and chief financial officer
Roger Trimble, VP of Investor Relations